Staking · Review
Activebemo V2 Review 2026: Liquid Staking on TON
bemo V2 is a liquid staking protocol on TON that gives stakers a tradable receipt token while their stake earns rewards. The homepage advertises 5% APY, but TVL is small and fees are not published.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.0/10
Mixed
Our verdict on bemo V2
6.0/10bemo V2 suits TON holders who want staking rewards without locking funds and who are comfortable using a receipt token in DeFi. Its strengths are the 1-token minimum, the tradable bmTON token and linked audit reports. The main caveat is scale and transparency: TVL is under $400,000 and shrinking, fees and reward splits are not on the homepage, and the audit coverage of the staking contracts is unclear. Read the docs and start small before committing meaningful funds.
Score breakdown
How bemo V2 scores
- Security
- 6.0/10
- Ease of use
- 7.5/10
- Fees
- n/a
- Features
- 6.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is bemo V2?
bemo is a liquid staking protocol on the TON blockchain, and the homepage calls it the first liquid staking platform on TON. The V2 deployment has been tracked by DeFi aggregators since April 2025.
The pitch is simple: stake TON, get a receipt token that keeps growing in value, and use that token across DeFi. The homepage advertises a 5% staking APY and a low entry point of 1 token.
Adoption looks modest. Total value locked is about $386,000 and fell about 4.6% over seven days. The aggregator lists no token for V2. Public reporting mentions a BMO token airdrop planned for the fourth quarter of 2024, but the homepage says nothing about it. The project does not publish team details on the homepage.
How bemo V2 works
With liquid staking, you deposit TON into a protocol that stakes it with validators on the network. In return you get a receipt token. bemo's token is bmTON, though its homepage refers to it as bmGRAM.
The token represents your stake plus the rewards it earns, so its value grows against TON over time. Because it is a normal token in your wallet, you can send it, trade it or use it in other apps instead of waiting through an unstaking period.
The homepage suggests two ways to add yield: providing liquidity on decentralized exchanges, or lending the token on lending apps. Both add risk from the other protocol. To exit, you redeem the token for the underlying stake. The docs cover the detailed process.
7 features
Key features
01
Liquid staking token
You deposit TON and receive a receipt token that represents your stake and its rewards.
02
No lock-up for holders
The homepage says the staked position stays in your wallet and can be transferred or traded without an unstaking cool-down.
03
DeFi composability
The receipt token can be put into liquidity pools on decentralized exchanges or lent out to earn extra yield.
04
Low entry threshold
The homepage says staking starts from 1 token, against a traditional 10,000 minimum.
05
Advertised 5% APY
The homepage displays a 5% staking APY.
06
Published audit reports
The site links to audit reports, and a public report covers the vesting contract.
07
Docs and community channels
Docs, a blog, an FAQ and community channels are linked from the site.
Pros and cons
What we like
- Lets TON holders earn staking rewards while keeping a tradable token in their wallet.
- Low entry barrier: the homepage says staking starts from 1 token.
- No unstaking cool-down is needed to move or trade the receipt token, per the homepage.
- Audit reports are linked, including a public report on the vesting contract.
- Docs, FAQ, blog and community channels are available for new users.
Watch out for
- Total value locked is small, roughly $386,000, which points to limited adoption of this V2 deployment.
- The 7-day TVL change is about -4.6%, so deposits were shrinking at the time of the data.
- Fees and the reward-sharing split are not published on the homepage.
- The homepage names the staked token inconsistently (bmGRAM on the page, bmTON elsewhere), which can confuse newcomers.
- The aggregator data lists no audits for this deployment, and the one audit report found covers the vesting contract rather than the staking contracts.
- Liquid staking adds smart-contract and token-depeg risk on top of ordinary TON validator risk.
bemo V2 fees
bemo does not publish a fee schedule on its homepage. It does not say what share of staking rewards the protocol keeps, or whether there are deposit or withdrawal fees. The docs and FAQ it links to are the place to check.
On TON you also pay network gas on every stake, transfer or unstake transaction. Swaps or liquidity provision on other apps add their own fees.
Is bemo V2 safe?
The homepage says audits are completed and links to reports, and a public audit report covers the vesting contract, which deploys a contract for each user. The aggregator lists no audits for this deployment, and the staking contracts' audit scope is not described.
Liquid staking carries smart-contract risk, validator risk on TON, and the risk that the receipt token trades below its underlying value. Using it in lending or liquidity pools adds the risks of those apps. Custody is in your own wallet, but you depend on bemo's contracts to redeem. The project does not publish a regulatory status or an incident history on the homepage.
6 steps
How to get started with bemo V2
- 1
Install a TON wallet and fund it with TON, leaving some extra for network fees.
- 2
Open the bemo app through the official site and connect your wallet.
- 3
Read the docs and FAQ for the reward split, any fees and how unstaking works.
- 4
Stake an amount you are comfortable with and receive the receipt token in your wallet.
- 5
Check the live APY in the app rather than relying on the homepage figure.
- 6
If you want extra yield, look at liquidity pools or lending apps that accept the token and read their risks first.
Who bemo V2 is for
bemo is for TON holders who want to earn staking rewards but keep their assets liquid. It suits users who are comfortable with DeFi tokens and with the extra smart-contract risk that comes with liquid staking. It is less suited to anyone who needs fully documented fees and a long track record before depositing.
bemo V2 FAQs
What is bemo?
bemo is a liquid staking protocol on the TON blockchain. You stake TON and receive a token, bmTON, that represents your stake and can be used elsewhere in DeFi.
What APY does bemo offer?
The homepage shows a staking APY of 5%. Staking yields vary over time, so treat the figure as a snapshot and check the live rate in the app before staking.
What is the minimum stake?
The homepage says you can start with 1 token, compared with the traditional validator minimum of 10,000 that it cites. This removes the large minimum that normally limits solo staking.
Can I use my staked tokens in DeFi?
The homepage says you can transfer or trade the receipt token without a cool-down period. It also says you can add yield by providing liquidity on decentralized exchanges or lending the token out. Whether those options are available depends on which TON apps support the token.
Has bemo been audited?
The homepage says audits were completed and links to reports. A separate audit report on the vesting contract is public, and the aggregator data lists no audits for this deployment. An audit reduces risk but does not remove it.
Does bemo have its own token?
The data shows no token for the V2 deployment. Public reporting mentions a BMO token airdrop planned for late 2024, but the homepage does not describe it.
What are the risks of using bemo?
The main risks are smart-contract bugs, the receipt token trading below the value of its underlying stake, and validator-related risk on TON. Only stake what you can afford to lose.
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How we checked
Sources
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